• Very-high grade gold intercepted at depth, with outstanding grades of 27.70g/t Au and 9.89g/t Au
• Substantial down plunge extensions confirmed, with high grade mineralisation intersected 400m down plunge
• Infill drilling progressing well with five rigs operating around the clock

Tesoro Gold Limited (ASX: TSO) is pleased to report stand-out assay results from extensional and infill diamond drilling programmes at the Ternera Gold Deposit, part of the El Zorro Gold Project in Chile. The results include fifteen holes completed at Ternera as part of the ongoing infill and extensional drill programmes, which form part of the current 38,000m drilling campaign. Highlights include very-high grade gold intersections at depth, with outstanding grades of 27.70g/t Au and 9.89g/t Au from new depth extensions at Ternera. Substantial down plunge extensions have been confirmed, with high grade mineralisation intersected 400m down plunge, or approximately 200 vertical metres below the Open Pit Shell defined in the 2025 Scoping Study. Infill drilling is also progressing well with five rigs operating around the clock to support Feasibility Study workstreams and a near-term Mineral Resource upgrade. Assays remain outstanding for a further 23 holes, with drilling ongoing as part of the 38,000m campaign across infill, extensional and new discovery targets.

Tesoro remains confident in the potential for Ternera to support a materially longer mine life, with the current drilling campaign continuing to define and extend the deposit at depth and along strike.